Guaraní (currency)
| Paraguayan guaraní | |
|---|---|
| Guaraní paraguayo (Spanish) | |
100 Guaraní banknote of 1952
|
|
| ISO 4217 | |
| Code | PYG |
| Denominations | |
| Subunit | |
| 1/100 |
céntimo because of inflation, céntimos are no longer in use. |
| Plural | guaraníes |
| Symbol |
 (₲ in unicode) |
| Banknotes | 2,000, 5,000, 10,000, 20,000, 50,000 & 100,000 guaranies |
| Coins | 50, 100, 500 & 1,000 guaraníes |
| Demographics | |
| User(s) |
 Paraguay
|
| Issuance | |
| Central bank | Banco Central del Paraguay |
| Website | www |
| Printer |
De La Rue Giesecke & Devrient |
| Website |
De La Rue Giesecke & Devrient |
| Mint | Banco Central del Paraguay |
| Website | www |
| Valuation | |
| Inflation | 2% |
| Source | [5], November 2009 est. |
The guaraní (Spanish pronunciation: [ɡwaɾaˈni], plural: guaraníes; sign: ₲; code: PYG) is the national currency unit of Paraguay. The guaraní was divided into 100 céntimos but, because of inflation, céntimos are no longer in use.
The currency sign is U+20B2 ₲ GUARANI SIGN (HTML ₲).
The law creating the guaraní was passed on 5 October 1943, and replaced the peso at a rate of 1 guaraní = 100 pesos. Guaraníes were first issued in 1944. Between 1960 and 1985, the guaraní was pegged to the United States dollar at 126 PYG to 1 USD.
In 1944, aluminum-bronze coins were introduced in denominations of 1, 5, 10, 25 and 50 centimos. All were round shaped. The obverses featured a flower with "Republica del Paraguay" and the date surrounding it, except for the 50 centimos, which featured the lion and Liberty cap insignia. The denomination was shown on the reverses.
The second issue, introduced in 1953, consisted of 10, 15, 25 and 50 centimos coins. All were again minted in aluminium-bronze but were scallop shaped and featured the lion and Liberty cap on the obverse. None of the céntimo coins circulate today.
In 1975, coins were introduced in denominations of 1, 5, 10 and 50 guaranies, all of which were round and made of stainless steel. Since 1990, stainless steel has been replaced by brass-plated steel nickel-brass. 100 guaranies coins were introduced in 1990, followed by 500 guaranies in 1997. 1000 guaranies coins were minted in 2006 and released in 2007.
The first guaraní notes were of 50 céntimos, 1, 5, and 10 guaraní overstamped on 50, 100, 500, and 1000 pesos in 1943. Regular guaraní notes for 1, 5, 10, 50, 100, 500 and 1,000 guaraní, soon followed. They were printed by De La Rue.
The 1963 series (under the law of 1952) was a complete redesign. The lineup also expanded upward with the addition of 5000 and 10,000 guaraníes. This designed lasted for decades until inflation removed notes up to and including 500 guaraníes from circulation. The 1982 revision added denominations in the Guaraní language to the reverses.
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Wikipedia